Australia's and New Zealand's dollars trade lower

Thursday, 13/10/2016 | 11:19 GMT-0

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Australia's and New Zealand's dollars traded lower versus their U.S. counterparts, today, amid the latest release of China's trade data, and the FED's latest meeting minutes having confirmed for a probable rate hike soon.

Australia's dollar lower to the U.S. dollar

The AUD/USD currency pair reached its weakest level, since September, to 0.7534, declining 0.34%.

China's trade surplus, earlier today, narrowed from the previous month's $52.05 billion to $41.99 billion for the month of September, thus not matching the analysts' estimations for a figure of $53.00 billion.

Furthermore, the Chinese nation's exports declined in September by10.0% and were much lower compared to the predictions for a 3.0% drop. Imports also fell by 1.9% and failed to meet the expectations for an increase of 1.0%.

The NZD/USD traded, after having approached the 0.7037 level, at the 0.7056 zone, 0.10% lower. Moreover, the U.S. dollar index stabilized at 97.93.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/australia-s-and-new-zealand-s-dollars-trade-lower

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